AlphaQuest LLC Has $82,000 Stake in Sensient Technologies Corporation $SXT

Key Points

• AlphaQuest LLC significantly reduced its stake in Sensient Technologies by 92.7%, now holding only 1,095 shares after selling 13,879 shares in the first quarter.
• Several large investors, including GAMMA Investing LLC and Russell Investments Group Ltd., have increased their stakes in Sensient Technologies, indicating strong institutional interest with 90.86% of the stock owned by institutional investors.
• Analysts have positive projections for Sensient Technologies, with a consensus rating of "Moderate Buy" and an average target price of $110.00, following a solid quarterly earnings report that exceeded expectations.

AlphaQuest LLC trimmed its holdings in Sensient Technologies Corporation (NYSE:SXT - Free Report) by 92.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,095 shares of the specialty chemicals company's stock after selling 13,879 shares during the period. AlphaQuest LLC's holdings in Sensient Technologies were worth $82,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in SXT. CW Advisors LLC raised its position in shares of Sensient Technologies by 1,439.8% during the 1st quarter. CW Advisors LLC now owns 94,156 shares of the specialty chemicals company's stock valued at $7,008,000 after acquiring an additional 88,041 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. bought a new position in shares of Sensient Technologies in the first quarter worth $246,000. Raymond James Financial Inc. grew its stake in shares of Sensient Technologies by 0.3% in the first quarter. Raymond James Financial Inc. now owns 91,255 shares of the specialty chemicals company's stock worth $6,792,000 after purchasing an additional 282 shares in the last quarter. American Century Companies Inc. boosted its stake in Sensient Technologies by 88.7% during the first quarter. American Century Companies Inc. now owns 12,779 shares of the specialty chemicals company's stock valued at $951,000 after buying an additional 6,008 shares in the last quarter. Finally, Tejara Capital Ltd bought a new position in Sensient Technologies during the first quarter valued at about $1,005,000. 90.86% of the stock is owned by institutional investors and hedge funds.

Sensient Technologies Stock Down 0.0%

Sensient Technologies stock traded down $0.04 during mid-day trading on Friday, hitting $112.79. The company's stock had a trading volume of 272,041 shares, compared to its average volume of 500,797. The firm's 50 day moving average is $111.74 and its 200 day moving average is $93.62. The company has a market cap of $4.79 billion, a PE ratio of 35.58 and a beta of 0.57. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.25 and a quick ratio of 1.78. Sensient Technologies Corporation has a 52-week low of $66.14 and a 52-week high of $121.54.

Sensient Technologies (NYSE:SXT - Get Free Report) last posted its quarterly earnings results on Friday, July 25th. The specialty chemicals company reported $0.94 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.06. Sensient Technologies had a return on equity of 12.56% and a net margin of 8.56%.The company had revenue of $414.23 million during the quarter, compared to the consensus estimate of $417.60 million. During the same period last year, the business earned $0.77 EPS. The business's quarterly revenue was up 2.7% on a year-over-year basis. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. On average, analysts anticipate that Sensient Technologies Corporation will post 3.1 earnings per share for the current year.

Sensient Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 4th were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, August 4th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.5%. Sensient Technologies's dividend payout ratio (DPR) is 51.74%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SXT shares. Robert W. Baird raised their target price on Sensient Technologies from $93.00 to $125.00 and gave the company an "outperform" rating in a research note on Thursday, July 3rd. CJS Securities started coverage on Sensient Technologies in a research note on Tuesday, June 10th. They set a "market perform" rating and a $95.00 target price for the company. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $110.00.

About Sensient Technologies

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, Asia, Australia, South America, and Africa. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, and natural extracts; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, and personal care industries.